2 Medical Office Buildings | 4 Offices | 1701 66th St N
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2 Medical Office Buildings | 4 Offices 1701 66th St N
6,604 SF 6% Leased Office Building Saint Petersburg, FL 33710 $1,999,000 ($303/SF) 4.10% Cap Rate
Investment Highlights
- Over 1/2 Acre Lot
- Non Flood Zone
- 2 Separate Brick Buildings
Executive Summary
HIGH AND DRY! NO HURRICANE DAMAGE! Exceptional St Pete medical and professional office opportunity. This expansive property boasts 2 standalone, single-story medical and professional office buildings, perfectly positioned on a generous lot of over a 1/2 acre, totaling 6,220 square feet across 4 distinct medical offices. Multiple offices plumbed already for dentistry! Designed with the medical professional in mind, each building offers unparalleled facilities, ensuring a seamless operation for various medical and professional practices. The strategic location guarantees high traffic and unparalleled visibility, making it an ideal spot for any medical practice seeking to establish or expand its presence. With a total of 38 parking spaces, these buildings are equipped to handle high patient volumes efficiently. The exterior features combined with 25,000 AADT and prominent signage opportunities ensure your practice stands out in this bustling area. The interior spaces are thoughtfully designed to maximize functionality and comfort, providing ample room for patient consultations, administrative tasks, and specialized medical procedures. For investors, this property presents an attractive, income-producing opportunity with the added benefit of OWNER FINANCING options. Whether you're looking to expand your medical practice or invest in a lucrative commercial property, 1701-1799 66th Street North offers the perfect blend of location, space, and potential.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$211,512
|
$32.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$211,512
|
$32.03
|
| Taxes |
$31,992
|
$4.84
|
| Operating Expenses |
$33,852
|
$5.13
|
| Total Expenses |
$65,844
|
$9.97
|
| Net Operating Income |
$145,668
|
$22.06
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $211,512 |
| Annual Per SF | $32.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $211,512 |
| Annual Per SF | $32.03 |
| Taxes | |
|---|---|
| Annual | $31,992 |
| Annual Per SF | $4.84 |
| Operating Expenses | |
|---|---|
| Annual | $33,852 |
| Annual Per SF | $5.13 |
| Total Expenses | |
|---|---|
| Annual | $65,844 |
| Annual Per SF | $9.97 |
| Net Operating Income | |
|---|---|
| Annual | $145,668 |
| Annual Per SF | $22.06 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
6,604 SF
Building Class
C
Year Built
1987
Price
$1,999,000
Price Per SF
$303
Cap Rate
4.10%
NOI
$82,012
Percent Leased
6%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,604 SF
Building FAR
0.29
Lot Size
0.52 AC
Zoning
1933 - Medical Office Building
Parking
38 Spaces (5.75 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Conferencing Facility
- Fenced Lot
- Security System
- Signage
- Skylights
- Kitchen
- Accent Lighting
- Reception
- Storage Space
- Central Heating
- High Ceilings
- Natural Light
- Recessed Lighting
- Secure Storage
- Monument Signage
- Air Conditioning
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Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 17-31-16-30240-010-0010 | Total Assessment | $850,000 (2023) |
| Land Assessment | $427,232 (2023) | Annual Taxes | $31,992 ($4.84/SF) |
| Improvements Assessment | $422,768 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
17-31-16-30240-010-0010
Land Assessment
$427,232 (2023)
Improvements Assessment
$422,768 (2023)
Total Assessment
$850,000 (2023)
Annual Taxes
$31,992 ($4.84/SF)
Tax Year
2024
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2 Medical Office Buildings | 4 Offices | 1701 66th St N
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